DealCheck

RATING:

5.0

(33)

About DealCheck

DealCheck offers an all-in-one solution to help you analyze a wide range of real estate investments. Businesses can use DealCheck to quickly analyze rental properties, flips, rehab projects, BRRRR's, wholesale deals, and multi-family buildings. DealCheck can help you compare and narrow down potential investment properties, look up sales and rental comps, create professional investment reports, and put together better offers to sellers.

DealCheck Pricing

Visit our website for the most up-to-date pricing information: https://dealcheck.io/pricing

Free trial: 

Available

Free version: 

Available

DealCheck Reviews

Overall Rating

5.0

Ratings Breakdown

Secondary Ratings

Ease-of-use

5

Customer Support

4.5

Value for money

5

Functionality

5

Most Helpful Reviews for DealCheck

1 - 5 of 33 Reviews

User Profile

Jeremy

Verified reviewer

Real Estate, 51-200 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

FUNCTIONALITY

4

Reviewed February 2024

Very good visual cash flow analysis/pro forma for commercial brokers.

everything else is good so far so it works very well and the reports are great.

PROS

relative ease of use. the glossary, the reporting, the analysis, the purchase criteria.

CONS

for US Market only. Can't do comparables, or rent comps in canada. Can't find owner info (should integrate with COstar) i can put you in touch with regional directors if you would like. Can't customize units or multi units simultaneously. Cant save templates for the commercial broker itemized items(*that im aware of). reports should be in the analysis section with the sharing option within and not in te tolls category. Can't determine offering price if none of the purchase criterias are not selected. Can't add a total or average sqft for the building or property, rather you have to currently add sq ft per unit (not always provided and it's very difficult to start having to have to calculate the avg then the common spaces etc. sometimes we just have land and building sqft if we want to get a $/sq ft or $/ac value. when you select the ITEMIZED OPERATING EXPENSES section, instead of clicking the pencil, we should be able to just click the Per month or per year grey button instead of having to click each one and manually enter it, per month or per year or per building or per unit, those options should be immediately in front for immediate access. I would also clean up the purchase criteria page on the pdf, it doesn't need to take up a whole page, but maybe put them in 2-3 columns to clean up. in the section OPERATING EXPENSES i would also have it display as month and yearly kind of like the pie chart you have where you can select either option. i would do that for the OPEX as well and have the modifiable buttons outside for faster editing then have to go into the actual item. takes long. I would also add an option where a property may add say an additional expense like insured mortgage criteria which has a cost lets say for eg. 60$ additional per appliance per unit per year. so i would have the expense as 60$ , select either month or year, and then have a modifiable section to inout how many appliances there are so i can create an item that is for stoves x 12 units x 60$ and calculate that on a yearly basis. Also i would make the photos movable. so if i want to modify the order of the photos instead of uploading 1x1.

Reason for choosing DealCheck

cash flwo analysis, reporting, accessible link for buyers to modify their own criteria for the analysis and breakdown. Projection are key.

Vendor Response

Hi Jeremy, Thank you for leaving us a review and sharing your detailed feedback, we really appreciate it. We already support many of the features you've mentioned, so please reach out to us at support@dealcheck.io so we can walk you through how to use them.

Replied February 2024

User Profile

Alex

Verified reviewer

Real Estate, 1 employee

Used weekly for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed September 2023

Most Comprehensive and Flexible Option Calculator Available

I'm now a super fan because this software is designed very well and that's unusual in my experience.They not only have good software, but they have excellent onboarding emails that expose you to features you may not have noticed. I never needed support, but instead sent in some thoughts about how to take things further and I got a fast and well written reply.I'm very impressed with the software and the business.

PROS

The most important thing to me was being able to easily find IRR for different scenarios I was considering for renovating, expanding, and/or adding an ADU to a property I already owned. So, my use case was a little different than considering a purchase. I needed something to work out what type of further investment made sense.I love how comprehensive and flexible DealCheck is. If you want to put in a ton of details, like specific operating expenses, you have that option. If you want to just do a lump sum, you can keep things high level.Also, unlike basic/free calculators you can save your work and compare scenarios. You can even consider phased investments. I sort of hate to say it, but I've been able to do all this in the free version. I feel like I owe these folks something for getting so much value which is why I'm sharing a review.At first, I thought I could only see IRR for particular years (like year 10 and year 20), but in typical DealCheck fashion, when I looked a bit more I realized that there was an option to see every single year. That kind of positive discovery happened several times as I got familiar with DealCheck.I'm a single property investor so was hunting around for a simple, but comprehensive tool. I tried all the calculators and downloadable sheets. That was all time wasted. I wish I'd found DealCheck first because it has everything I was looking for and a lot more.If you have more properties or are considering deals, definitely give it a try.

CONS

I have nothing that I dislike about it. I can imagine it having some kind of solver capability though like, "If I want X IRR in year Y, how much can I invest now in rehab at Z interest rate?" I worked that out by trial and error, but the system makes it quick to adjust your investment and see your return.

Reasons for switching to DealCheck

Other calculators lacked at least one thing or were hard to work with. DealCheck has everything I was looking for and is elegantly designed.

Vendor Response

Hi Alex, Thank you so much for leaving us such a detailed review, we truly appreciate it! We also value your feedback and suggestions, so you are welcome to send those to us at any time.

Replied September 2023

Maria

Real Estate, 2-10 employees

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed February 2023

Deal Check is Part of our System

We use it and weigh in the properties we're selling or buying.

PROS

The program is cost effective for all the types of analysis that are available.

CONS

The program is limited to traditional investment practices, not creative for a changing real estate market.

Dan

Real Estate, 2-10 employees

Used weekly for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

FUNCTIONALITY

5

Reviewed December 2023

My Go-To Tool for Real Estate Investing

Overall, I'm very happy with DealCheck and would highly recommend it to any real estate investor.

PROS

DealCheck is an excellent tool for real estate investors. It has all the features I need to analyze and track my investments, and it has saved me a lot of time and effort. The pricing is very reasonable, and I've found it to be a great value for the money. I also use DealCheck to generate reports for my clients, which has been very well-received. They appreciate being able to see all the details of their investments in one place.

CONS

One suggestion for improvement would be to add the ability to analyze multi-building deals (i.e., multiple properties under one transaction, also known as blanket/portfolio deals). This would be a great feature for investors who are looking to acquire multiple properties at once.

Vendor Response

Hi Dan, Thank you for your detailed review, we appreciate your feedback! We'll make sure we add a portfolio analysis feature to our product roadmap, and hope to get a chance to work on it soon.

Replied December 2023

Justin

Real Estate, 1 employee

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2023

Great Tool

Easy, fun, nice, and convenient.

PROS

I love the tool and use it to check on all potential properties before I look at them.

CONS

No sure yet. Keep using it! I look forward to using it more as I continue to evaluate properties.